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Susser Provides First-Quarter Update

Same-store merchandise sales and fuel volume expected to each grow by more than 4 percent.

April 15, 2013, 08:00 pm

CORPUS CHRISTI, Texas -- Susser Holdings Corp. expects 2013 fiscal first quarter same-store merchandise sales to grow by approximately 4.2 percent and average fuel volume growth to rise by about 4.1 percent compared to the same period in 2012.

The operator of Stripes convenience stores and Laredo Taco Co. quick-service restaurants offered preliminary guidance to investors today regarding its quarterly results. It will release its full earnings report on May 8 at 11 a.m. Eastern Standard Time.

In today's update, Susser Holdings also noted it opened four new Stripes stores in its latest quarter ended March 31. The c-store chain closed one store during its 2013 fiscal first quarter, which is currently being rebuilt to align with the company's larger store footprint.

Susser Holdings operated 562 Stripes stores as of March 31, 355 of which included an in-store restaurant offering.